Category: Syndicated

Investments looking ‘slightly weaker’ next year – IDA

IDA Ireland is expected to tell the Oireachtas Committee on Enterprise, Trade and Employment that it has sight of a healthy pipeline of investments for the first half of next year but that it will be slightly weaker than this year. The agency is due to appear before the committee, along with Technology Ireland, to […]

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Housing starts slow by 31% in October from last year

The number of new housing starts continued to slow last month, according to new figures from the Department of Housing. Commencement notices show 1,841 units began construction in October. That is down on the 2,211 figure for September and down 31% on October last year. The rolling 12-month commencement figure is now 26,608, which is […]

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ESB to increase charges for use of public electric car charging network by up to 52%

The ESB is increasing charges for the use of its public electric vehicle charging points by up to 52%. The changes will take place from December 20th. It is the second time this year that the company has increased the charges. In a notification sent to customers, the company said it understands that the price […]

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Windfall tax on electricity companies set for Cabinet sign off today

The Government is expected to agree to cap the revenues of electricity generating companies which do not use gas. The Cabinet is also set to sign off on a plan to get firms producing fossil fuels to pay a solidarity contribution. After months of consideration, the Government will today finalise plans to tackle windfall gains […]

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Lower-income households experiencing greater inflation

Inflation continues to be greater for households on lower incomes, rural households and those headed by people over 65. This is largely because these households spend a greater proportion of their incomes on utilities, fuels and transport costs. It is these areas where prices have gone up the most. According to the latest Estimated Inflation […]

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Gardaí warn shoppers to beware of Black Friday scams

The call comes as it is predicted as much as €26 million will be spent on shopping in upcoming Black Friday sales. New figures also show more than €45 million was stolen through frauds and scams in the second half of last year. Speaking to RTÉ’s Morning Ireland, Detective Chief Superintendent Patrick Lordan, of the […]

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Energy costs the main challenge for manufacturing

There has been a marked deterioration in the outlook for the manufacturing sector over the coming months, a major survey of industry leaders conducted on behalf of Ibec concludes. Energy costs followed by supply chain issues and labour shortages were identified as the main challenges facing the industry. The proportion of survey respondents opting for […]

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Revenue warns of potential extra costs when buying goods online

Revenue has warned shoppers to check whether the advertised price of online goods includes all tax and duty costs due before deciding to buy. It said where the price of the goods advertised seems attractively low, this may be because tax and duty costs are not reflected in the price advertised. Additional charges, including VAT […]

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Euro zone inflation revised marginally lower, but still at record high

Eurostat confirmed that inflation in the euro zone rose by 1.5% on a monthly basis to give a 10.6% annual increase This marked a revision from the 10.7% annual reading reported previously. Eurostat confirmed that inflation in the euro zone rose by 1.5% on a monthly basis to give a 10.6% annual increase This marked […]

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Wind was biggest single electricity source in October

High winds for weeks meant 45% of the country’s electricity last month came from wind, setting a new record. This meant wind was the biggest single contributor to Ireland’s power needs during the month. However, the unpredictable nature of the source was exposed with wind generating as much as three quarters of our needs on […]

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